Financial Markets May 21, 2013

Tokyo stocks advance further on weaker yen, rosy U.S. data

Stocks gained further ground Monday as the yen weakened on the back of improved U.S. economic data, with the benchmark Nikkei average ending at a fresh 64-month high. The 225-issue Nikkei average closed up 222.69 points, or 1.47 percent, at 15,360.81, the highest closing ...

Financial Markets May 19, 2013

U.S. stocks reach new record highs

U.S. stocks closed out another week of new record highs Friday. Optimistic reports on consumer confidence and the economic outlook drove a rally that pushed the Dow and S&P 500 to end-of-the-week records highs for the third straight week. Over the week, the Dow ...

Financial Markets May 17, 2013

Dollar holds steady above ¥102

The dollar was stable above ¥102 in Tokyo on Thursday, repeating narrow movements in a wait-and-see mood ahead of the announcements of key U.S. economic indicators. At 5 p.m., the dollar was quoted at ¥102.43-47, up slightly from ¥102.35-43 at the same time Wednesday. ...

Financial Markets May 17, 2013

Hopes grow for further upswing in Tokyo stocks

Tokyo stocks are expected to remain on a firm note for the time being, even after the Nikkei average topped 15,000, as more money is likely to flow into the market from abroad, analysts said. The Tokyo market’s rally has gathered pace since the ...

Financial Markets May 17, 2013

Nikkei bull run takes a break on profit-taking

Stocks fell back Thursday as profit-taking gained the upper hand. The Nikkei 225 average closed down 58.79 points at 15,037.24 after hitting a 64-month intraday high of 15,155.72 in early trading. On Wednesday, the key gauge surged 337.61 points. The Topix dropped 7.62 points ...

Financial Markets May 16, 2013

Dollar climbs to four-year high

The dollar temporarily rose above ¥102.50 for the first time in four years and seven months in Tokyo trading Wednesday, supported by increasing optimism about the U.S. economy. At 5 p.m., the dollar was quoted at ¥102.35-43, up from ¥101.37-38 at the same time ...

Financial Markets May 16, 2013

Nikkei rallies past 15,000 first time in 64 months

The Nikkei 225 average rose sharply Wednesday and ended above 15,000 for the first time in more than 64 months, thanks mainly to the weaker yen. The Nikkei closed 337.61 points, or 2.29 percent, higher at 15,096.03, its best closing level since Dec. 28, ...

Financial Markets May 15, 2013

Nikkei ends over 15,000 for first time since 2007

The Nikkei 225 stock average gains more than 2 percent to end above 15,000 for the first time since December 2007, propelled by a falling yen and buoyant global equities.

Financial Markets May 15, 2013

Profit-taking a drag on surging dollar

The dollar fell below ¥101.50 in Tokyo Tuesday, pulled down by profit-taking and adjustment sales after its recent bull run. At 5 p.m., the dollar was quoted at ¥101.37-38, down from ¥101.62-62 at the same time on Monday. The euro was at $1.3000-3000, up ...

Financial Markets May 15, 2013

Nikkei falls back amid wariness over rapid rise

The key Nikkei average fell back slightly Tuesday amid wariness over its recent rapid rally. The 225-issue Nikkei average closed down 23.79 points, or 0.16 percent, at 14,758.42. The Topix index of all first-section issues dropped 1.40 points, or 0.11 percent, to end at ...

Financial Markets May 15, 2013

Stock market rally takes a breather

A record-breaking rally in U.S. stocks paused Monday as investors assessed whether the rise in stock valuations overstated the improvement in the economy. The latest positive data, out Monday, showed that Americans increased spending at retailers last month. That suggests that consumers may boost ...